OLB OLB Group Inc

Item 4.01 Change in Registrant’s Certifying Accountant

On September 11, 2020, the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of The OLB Group, Inc. (the “Company”) dismissed Marcum LLP (“Marcum”), the Company’s independent registered public accounting firm, effective immediately. During the fiscal years ended December 31, 2019 and 2018, Marcum’s audit reports on the Company's financial statements did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2019 and 2018 and the subsequent period through the date of this Current Report on Form 8-K, (i) there were no disagreements between the Company and Marcum on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures, which disagreements, if not resolved to Marcum’s satisfaction, would have caused Marcum to make reference in connection with Marcum’s report to the subject matter of the disagreement; and (ii) there were no “reportable events” as the term is described in Item 304(a)(1)(v) of Regulation S-K, except for the disclosure of material weaknesses in the Company’s internal controls over financial reporting as disclosed in Part II, Item 9A of the Company’s Form 10-K for the year ended December 31, 2019.

The Company provided Marcum with a copy of the disclosures that the Company is making in response to Item 4.01 on this Current Report on Form 8-K, and requested that Marcum furnish it with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. The letter from Marcum, dated September 14, 2020, is filed as Exhibit 16.1 to this Current Report on Form 8-K.

On September 11, 2020, the Committee approved the engagement of Daszkal Bolton LLP (“Daszkal”) as the Company’s new independent registered public accounting firm, effective immediately. During the fiscal years ended December 31, 2019 and 2018 and through the date of this Current Report on Form 8-K, neither the Company nor anyone acting on its behalf consulted Daszkal with respect to (i) the application of accounting principles to a specified transaction, either completed or proposed, nor the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice provided that Daszkal concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was the subject of a disagreement or a “reportable event” as described in Items 304(a)(1)(iv) and (v), respectively, of Regulation S-K.